Bacardi cuts North American staff as sales decline





Bacardi Ltd. announced it has cut about 10% of its North American staff in an effort to reduce costs, according to the



Wall Street Journal



.


Bacardi is a privately held company and controlled by about 500 Bacardi family members, according to the article.


Bacardi has an estimated 9% share of the U.S. spirits market, behind publicly traded Diageo PLC, privately held Beam Suntory Inc. and privately held Sazerac Company Inc. (Source:


Wall Street Journal


, April 9, 2015).

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